Brazil’s Foreign Debt Falls 14% But It’s Still US$ 65 Billion

Brazil’s foreign debt is down 14% since December, reports the National Treasury. That means it dropped from US$ 75.9 billion to US$ 65 billion.

As a result, Brazil’s foreign debt total at the moment is almost exactly the same as the country’s total foreign reserves.
 
The main reason for the decrease in foreign debt was a series of operations resulting in the redeeming of a total of US$ 10.2 billion in Brady bonds by the government. Taking into consideration interest payments, the country economized US$ 14.7 billion.

Brazilian domestic debt increased US$ 11.88 billion in February, reaching a record high of US$ 474 billion. Debt titles, issued by the National Treasury, went up 2.6% in February, when compared with January, as announced by the Coordinator of Operations of the Treasury Public Debt, Paulo Valle.

In Valle’s opinion, this was an ordinary result, because the Annual Financing Plan (PAF) estimates indebtedness of up to US$ 564 billion by the end of the year.

The increase, according to him, results from title issuance being superior to redemptions (US$ 6.96 billion), and to expenses (US$ 4.91 billion).

Agência Brasil

Tags:

You May Also Like

NGO Accuses Nestlí© of Scoffing at Brazil’s Law

Since the beginning of its activities in Parque das Àguas (Park of Waters) in ...

Biokerosene creator, Expedito Parente

This Brazilian’s Obsession: Get the World to Use His Biojet Fuel

At age 66, Doutor Expedito has never been so requested. His biokerosene should pave ...

Petrobras? That’s PTbras for You

Lula’s party, the PT, cannot re-nationalize those areas and companies privatized during the Fernando ...

New Aide to Brazilian President Has a Mission: To Talk to Friends and Foes of Government

As she took office earlier this week, Ideli Salvatti declared that her mission will ...

More than 200 Brazilians Are in Spain Promoting Brazil

A stand to promote tourism in Brazil will be open at the International Tourism ...

For UN Brazil Is a Country of Great Laws that Are Not Enforced

In her preliminary report on human rights in Brazil, the UN rapporteur for Human ...

Lula Has No One But Himself to Blame for Falling Out of Grace with Foreign Press

The supporters of president Lula in Brazil constantly remind us that he is very ...

Brazil Wants US Condemned for Cotton Subsidy

Brazilian cotton producers are waiting for the World Trade Organization (WTO) to release its ...

Brazil Studies How to Punish US for Anti-dumping Laws

Brazil’s Ministry of Foreign Relations released a note stating that the government will “reserve Brazilian ...

Best-seller Books, Plays and Movies

VIGNETTES OF CENTRAL BRAZIL IN THE NINETIES The only sound was that of their ...